Yes, the Alibaba Group Holding Ltd (NYSE: BABA) stock price is still down 16.6% year to date, but the company has just received a new $4 billion catalyst that should drive BABA stock higher in 2016.
buy Alibaba stock
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Alibaba Group Holding Ltd. (NYSE: BABA) stock had fallen more than 43% in 2015 through September, but the stock has rebounded more than 25% in the last month.
Alibaba Group Holding Ltd. (NYSE: BABA) stock has fallen 25% in 2015. Today, it hit its lowest value to date at $77.77.
As the company prepares to announce quarterly and fiscal-year earnings on Thursday, May 7, now is one of the best times to buy Alibaba stock.
Money Morning experts are extremely bullish on BABA stock now. In fact, Money Morning's Defense and Tech Specialist Michael Robinson recently said Alibaba "could be the single-greatest wealth opportunity of our lifetime."
President Barack Obama will be forced to make some kind of decision on the long-delayed Keystone pipeline within the next few weeks.
A Dec. 6 runoff election for a Louisiana Senate seat pushed a Keystone pipeline vote to the top of Washington's "to do" list. Both houses are expected to approve the legislation and send it to President Obama.
At that point, the president will no longer be able to delay a decision.
With two e-commerce titans in a struggle right now, and the two moving in different directions, here's something you might want to consider: buy Alibaba and sell Amazon.
Our stock expert Shah Gilani appeared on FOX Business' "Varney & Co." Wednesday afternoon to talk about Alibaba stock, which is expected to debut on the New York Stock Exchange on Friday.
Watch the video to see why Gilani will be one investor who's buying...